Smart Saving – Your Guide To A Financially Bright Summer Peoples Savings Bank

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Smart Saving – Your Guide To A Financially Bright Summer

June 5, 2024

Summer arrives with a promise of relaxation and the joy of long, sunny days. It’s a time for both adventure and reflection—a perfect backdrop to take a fresh look at your finances. At Peoples Savings Bank, we’re committed to helping you blend the season’s pleasures with wise financial decisions.

From setting clear financial goals to finding free local activities, we’ll show you how to enjoy the sunny days ahead while keeping your finances in check. Let’s dive in:

1. Set Clear Financial Goals

Summer is the perfect time to reassess your financial goals. Whether you’re saving for a vacation, a new car, or just building an emergency fund, make sure your objectives are specific, measurable, and achievable.

2. Create a Summer Budget

Track your summer spending by creating a budget. Allocate funds for vacations, outdoor activities, and entertainment. Remember to include any seasonal expenses like air conditioning bills or pool maintenance costs.

3. Explore Free or Low-Cost Activities

Summer doesn’t have to break the bank. Look for local events and activities that provide fun without draining your wallet:

Outdoor Movie Nights: Host a movie night in your backyard or at a local park. All you need is a projector, a white sheet, and some comfy blankets. Invite friends and family for a cozy evening under the stars.
Geocaching: Explore the great outdoors with geocaching. Use a GPS or smartphone to find hidden treasures (geocaches) in your area. It’s like a real-life treasure hunt!
Community Gardens: Join a community garden or start your own small garden at home. Growing your own herbs, vegetables, or flowers can be both rewarding and cost-effective.
Volunteer Work: Give back to your community by volunteering. Whether it’s helping at a local food bank, cleaning up a park, or assisting at an animal shelter, volunteering is a fulfilling way to spend your time.
DIY Water Play: Set up a DIY water play area in your backyard. Use sprinklers, kiddie pools, and water balloons for a refreshing and fun experience. It’s a great way to beat the heat without spending much.
Library Programs: Check out your local library for free summer programs. Many libraries offer reading challenges, workshops, and storytelling sessions for kids and adults.
Explore Nature Trails: Discover nearby nature trails, forests, or wildlife preserves. Take a leisurely walk, observe birds, and enjoy the natural beauty around you.
Art in the Park: Attend free art events or workshops in local parks. Some parks organize painting sessions, sculpture exhibits, or craft fairs during the summer months.

4. Save on Energy Costs

As temperatures rise, so do energy bills. Implement energy-saving practices like adjusting your thermostat, using energy-efficient appliances, and sealing gaps in doors and windows. These small changes can add up to significant savings.

5. Review Your Savings Accounts

Take a moment to review your savings accounts. Peoples Savings Bank offers various options, including:

Regular Savings Accounts: Ideal for emergencies or unplanned expenses.
Certificate of Deposit (CD): Invest with guaranteed returns.

6. Protect Your Debit Card

Keep your debit card secure:

Use mobile banking or online banking to turn your card off.
Call 573-409-4057 if your card is lost or stolen.

7. Explore Online + Mobile Banking

Manage your accounts easily:

Set up online or mobile banking.
Access bill pay, account alerts, and debit card management.
Export information to your preferred financial management software.

Remember, a financially savvy summer starts with smart choices. Peoples Savings Bank is here to help you achieve your financial goals and help you have both a prosperous and pleasurable summer.